US HB4384 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on September 18 2019 - 25% progression, died in committee
Action: 2019-09-18 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 18 2019 - 25% progression, died in committee
Action: 2019-09-18 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Specifies that certain custodial deposits shall not be considered to be brokered deposits, which are subject to additional regulatory requirements, including those related to liquidity. The bill generally defines a custodial deposit as a deposit made by a certain entity serving as an agent, trustee, or custodian at an insured depository institution for the purpose of providing deposit insurance for the benefit of a third party.
Title
Community Bank Deposit Access Act of 2019
Sponsors
| Rep. Charlie Crist [D-FL] | Rep. French Hill [R-AR] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-09-18 | House | Referred to the House Committee on Financial Services. |
| 2019-09-18 | House | Introduced in House |
Subjects
Bank accounts, deposits, capital
Banking and financial institutions regulation
Finance and financial sector
Interest, dividends, interest rates
Banking and financial institutions regulation
Finance and financial sector
Interest, dividends, interest rates
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/4384/all-info |
| Text | https://www.congress.gov/116/bills/hr4384/BILLS-116hr4384ih.pdf |
